According to the report, the global crystal oscillator market accounted for around USD 2.60 billion in 2016 and is expected to reach approximately USD 3.41 billion by 2022, growing at a CAGR of around 4.6% between 2017 and 2022.

Zion Market Research has published a new report titled “Crystal Oscillator Market by General Circuitry (SPXO, TCXO, VCXO, FCXO and OCXO), by Mounting Scheme (Surface Mount and Thru-Hole), by Crystal Cut (AT, BT and SC) for Telecom & Networking, Consumer Electronics , Military & Aerospace, Research & Measurement , Industrial, Automotive and Medical Equipment Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. According to the report, the global crystal oscillator market accounted for around USD 2.60 billion in 2016 and is expected to reach approximately USD 3.41 billion by 2022, growing at a CAGR of around 4.6% between 2017 and 2022.

The crystal oscillator is an electronic oscillator circuit that makes use of mechanical resonance of a vibrating crystal of piezoelectric material to generate an electrical signal with a precise frequency. This frequency is generally used to keep track of time, as in quartz wristwatches, to give a stable clock signal for digital integrated circuits and to stabilize frequencies for radio receivers and transmitters. The most common type of piezoelectric resonator used is the quartz crystal and oscillator circuits incorporating it recognized as crystal oscillators.

Increased penetration of smartphones and connected devices paired with the significant demand for advanced equipment from the healthcare industry such as pacemakers are the two major factors driving the crystal oscillators market. Growing research and developments in certain fields require a variety of measuring instruments and mainstream adoption of 4G and LTE networks favors the crystal oscillator’s market growth. New product development coupled with the establishment of strategic partnerships with buyers is expected to remain key success factor for the market over the analysis period Nonetheless, increasing adoption of advanced automotive electronics paired with the evolution of MEMS-based crystal oscillators may disclose new avenues for crystal oscillators market in the near future.

Temperature-Compensated Crystal Oscillator (TCXO) dominated general circuitry segment of the crystal oscillators market in 2016 owing to use in telecom and networking as well as consumer electronics products such as smartphones and tablets. Oven-Controlled Crystal Oscillator (OCXO) is expected to become another most lucrative general circuitry segment in the analysis period.

The crystal oscillators market for surface mount held the largest market share in 2015. The growth of this segment is mainly attributed to its benefits such as low production cost and higher component density.

AT Crystal cut segment acquired the largest share of around 69.1% of the crystal oscillators market in 2016. Demand from various applications such as consumer electronics, and military & aerospace, telecom & networking will drive this segment in the forecast period. Based on application, medical equipment and consumer electronics are among the most opportunist segments for the crystal oscillators market.

In terms of revenue, North America held the largest share of the global crystal oscillators market in 2016. The major factors driving the growth of the market are significant demand for medical equipment coupled with LTE networks. U.S. emerged as a market for crystal oscillators in the same year. Canada is expected show remarkable growth for crystal oscillators market in the analysis period.

Europe is another leading regional market for crystal oscillators and is expected to witness noteworthy growth in the near future. Western Europe is predicted to account for the significant share of on crystal oscillators market for foreseeable future. The strong presence of automotive manufacturing units in Germany, Italy, and France in light of easy access to consumables is predicted to promote the inclusion of crystal oscillators in-vehicle electronics systems over the next six years.

Asia Pacific is predicted to observe significant growth and expected to become largest market share holder till the end of the forecast period. The growth of crystal oscillators market is mainly attributed to established crystal oscillator manufacturing and consumer electronics companies and extension of a telecommunication network in China, South Korea, India and other emerging countries in this region. In addition, growing electronics industry in different economies is also likely to propel the demand across the region over next six years. At present, China held the largest market share of crystal oscillators in Asia Pacific. Growth in China is mainly credited to a large number of production facilities paired with escalating demand from industrial application segment.

The developing economies in Latin America also have a potential market for the further growth of the crystal oscillators market. Increasing demand from industrial sector coupled with telecom & networking are the key growth factors expected to contribute to the growth of the crystal oscillators market in Latin America. The Middle East and Africa are also forecasted to show noticeable growth in the coming years.

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